Fact sheet: EDRF Gbl Convexity

Fund information
Fund name
EDRF Global Convexity A EUR
Fund manager company
Edmond de Rothschild Asset Man
Fund type
Offshore Fund
Fund managers
  • Laurent Le Grinsince 31/01/2014
  • Kris Deblandersince 02/04/2015
Fund objective
The objective is to optimise the risk/return ratio over the recommended investment period by selecting for at least 60% of its net assets, convertible or exchangeable bonds, corporate bonds and stock options, and by diversifying its sources of return: underlying, sector, coupon, issuer, rate, via a systematic analysis of the different exposures.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
6.3%
1 Year rank in sector
52/72
Sector
FO Convertible
Yield
-
Fund size
£149m (£113m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
66
Top in this sector
Fund name1 Year
Man Convertibles Am26%
Franklin Gl Cnvtl Secrts18.7%
UBS (L)BdSICConGb€14.4%
Alma US Convertible14.4%
CQS Global Convertible UCITS13.7%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • Europe48.6%
    North America16.4%
    Global Emerging Markets10.8%
    Japan10.5%
    Money Market6.2%
  • Information Technology15.8%
    Financials15%
    Industrials14.9%
    Consumer Discretionary14.3%
    Money Market7.8%
  • European Fixed Interest48.6%
    North American Fixed Interest16.4%
    Global Emerging Market Fixed Interest10.8%
    Japanese Fixed Interest10.5%
    Money Market6.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%2.4%2.5%6.3%7.6%-
Sector1.1%3.2%2.7%9.2%6.4%24.9%
Rank within sector57 / 7258 / 7245 / 7252 / 7232 / 61-
Quartile4th4th3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1%1.4%3.2%2.6%6.6%
Sector1.7%0.7%2.9%2.3%11.7%
Rank within sector55 / 7228 / 7127 / 6739 / 6148 / 54
Quartile4th2nd2nd3rd4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.14
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.6
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
3.76
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.79
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.1
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.82
Price movement
52 week high116.06
52 week low109.33
Current bid price-
Current offer price-
Current mid price115.97
Region
1Europe48.6%
2North America16.4%
3Global Emerging Markets10.8%
4Japan10.5%
5Money Market6.2%
6Asia Pacific ex Japan5.3%
7Not Specified2.2%
Industry sector
1Information Technology15.82%
2Financials15.01%
3Industrials14.91%
4Consumer Discretionary14.28%
5Money Market7.8%
6Materials5.97%
7Telecommunications Utilities5.97%
8Health Care5.6%
9Real Estate5.42%
Asset type
1European Fixed Interest48.6%
2North American Fixed Interest16.4%
3Global Emerging Market Fixed Interest10.8%
4Japanese Fixed Interest10.5%
5Money Market6.2%
6Asia Pacific ex Japan Fixed Interest5.3%
7Global Fixed Interest2.2%
Individual holdings
1DP WORLD LTD 1.75% CNV BDS 19/06/24 USD2000002.7%
2YANDEX NV 1.125% CNV BDS 15/12/18 USD10002.7%
3YHOO 0 12/01/182.5%
4UBISOFT ENTERTAINMENT2.2%
5BFCM 0 03/20/19 2%
Management
Fund manager group
No data available.
Fund manager company
Edmond de Rothschild Asset Man
Fund type
Offshore Fund
Fund objective
The objective is to optimise the risk/return ratio over the recommended investment period by selecting for at least 60% of its net assets, convertible or exchangeable bonds, corporate bonds and stock options, and by diversifying its sources of return: underlying, sector, coupon, issuer, rate, via a systematic analysis of the different exposures.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Convertibles
Fund managers
NameSinceBiography
Laurent Le Grin31/01/2014Laurent Le Grin is Senior Portfolio Manager for European Convertible Bond fund, since 2002 he was managing BNP Paribas Investment Partners (Fortis Investments), Paris, he also worked as Head of Risk Control in BGL Asset Management for two years from 2000-2002, and also been Portfolio manager for BGL during 1998-2000. Grin worked as Mutual fund audits and derivatives pricing in Auditor Deloitte & Touche Luxemburg during 1997-1998. Grin is qualified has Certificate for Financial Advisers, DEA of Economy (Paris II), Master in Economy (Paris II), and also Graduate and Member of the French Association of Financial Analysts (SFAF)
Kris Deblander02/04/2015Kris Deblander is a graduate of the Solvay Business School. In 1997, after spending a year in research at Brussels University, he joined Fortis Investment Management in Brussels to be in charge of structured product development and management. In 2002, he joined Fortis Investment Management Paris as co-manager of European Convertible Bonds. For over 6 years he took an active part in developing Convertible Bond funds both geographically Europe/Asia/World and in terms of investment techniques (Convertible arbitrage funds). In 2006, he was appointed Deputy CIO Convertible Bonds. He was in charge of convertible arbitrage funds and jointly responsible for fifteen portfolios including mandates for French and international institutional clients. Kris Deblander joined EDRAM in november 2008.
Compliance
Transparent for Austrian Tax, Transparent for German Tax, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, France, United Kingdom, Luxembourg, Offshore
EDRF Global Convexity A EUR
Initial charge3%
Annual charge1%
Min single investment£1
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price115.97
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI7HW
EDRF Global Convexity A H CHF
Initial charge3%
Annual charge1%
Min single investment£1
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.34
CurrencyCHF
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEA7E
EDRF Global Convexity B EUR
Initial charge3%
Annual charge1%
Min single investment£1
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price110.62
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI7HX
EDRF Global Convexity I EUR
Initial charge-
Annual charge0.55%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.76%
Bid price-
Offer price-
Mid price118.12
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI7HY
EDRF Global Convexity I H USD
Initial charge-
Annual charge0.55%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price108.9
CurrencyUSD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKI5R
EDRF Global Convexity J EUR
Initial charge-
Annual charge0.55%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price112.38
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI7HV
EDRF Global Convexity K EUR
Initial charge-
Annual charge0.6%
Min single investment£1
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price118.65
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI7HZ
EDRF Global Convexity N EUR
Initial charge-
Annual charge0.4%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price102.83
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMC9Y
EDRF Global Convexity S EUR
Initial charge-
Annual charge0.3%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price120.13
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI7IA
Data provided by

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